Australia's 40 Richest

#15 Carlo Salteri

Italian immigrant cofounded Transfield Group 1956.

Italian immigrant cofounded Transfield Group 1956. Took over defense operations, renamed Tenix, in 1997 when company split. Stepped down as chairman 2007; replaced by son Paul. In past 18 months group sold main defense subsidiary to Britain's bae Systems, radar and logistics division to Lockheed Martin, aviation arm to Air New Zealand. Shares fortune with his children.